Hybrid Coating Technologies Inc (fka HCTI)

[Then what happened]

Good news found on yahoo;

http://finance.yahoo.com/news/hybrid-major-partner-files-patent-133200632.html


SAN FRANCISCO, April 03, 2017 (GLOBE NEWSWIRE) -- Hybrid Coating Technologies Inc. (OTC Pink:HCTI) is pleased to announce that its Fortune 500 partner has received a patent for one of its coating products which utilizes Hybrid’s Green Polyurethane isocyanate free technology. “We are very pleased that our partner has been granted a patent for its coating product,” said Joseph Kristul, President and CEO. “This demonstrates that major companies can partner with us and develop their own products around our proprietary isocyanate free hardener, which creates recurring revenue for our company and allows us to penetrate the market with some of the biggest names in the polyurethane industry.”


Hybrid’s partner is working on several different coating products and expects to launch a second product in the near future.

As Hybrid continues to penetrate the polyurethane industry, its ability to sell its Hardener while allowing companies to develop their own products, offers companies the ability to retain a certain autonomy on manufacturing and intellectual property. This also allows Hybrid’s isocyanate free hardener, the company’s award winning technology, to be more easily distributed throughout the industry via large partners and in turn should allow Hybrid to capture a larger portion of the market in a more time efficient manner.